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The Head of State was briefed on the results of the Holding’s activities for 2024 and its plans for the current year.
It was noted that in 2024, the total volume of support provided by the Holding amounted to approximately KZT 6 trillion. Of this amount, KZT 4.1 trillion was allocated to support large, medium, and small businesses, while KZT 1.9 trillion was directed to the housing construction sector.
The President was informed that, as of the end of the reporting year, the Holding’s assets had reached KZT 14.1 trillion. The investment and loan portfolios grew to KZT 10.3 trillion, and net profit totaled KZT 416 billion. According to Rustam Karagoishin, these funds are intended to be used for implementing support programs within the Holding’s group of companies.
Kassym-Jomart Tokayev was also informed about the launch of two guarantee funds under the Damu Entrepreneurship Development Fund JSC. The first fund is aimed at supporting small and medium-sized enterprises, while the second is intended to finance large-scale projects worth over KZT 7 billion.
In addition, the Head of State was presented with a number of initiatives to attract foreign direct investment, including the establishment of joint funds with international partners in the agricultural, manufacturing, and mining and metallurgy sectors. These funds are being created under the jurisdiction of the Astana International Financial Centre.
The President emphasized the importance of implementing the presented initiatives to ensure sustainable economic growth. Kassym-Jomart Tokayev instructed ‘Baiterek’ Holding, in cooperation with second-tier banks, to ensure the financing of the real sector of the economy and to address the issue of attracting funding for the implementation of the National Project for the Modernization of the Energy and Utilities Sectors. The Head of State stressed the need for effective execution of the planned initiatives.
